BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Reliance Securities Report
As per the Society of Indian Automobile Manufacturers, domestic auto sales volume (excluding commercial vehicles) de-grew by 32% YoY (down 28% month-on-month) to 12,88,759 units in November 2021.
Notably, various segments of the automobile industry witnessed a subdued YoY performance, with passenger vehicles and two-wheeler seeing the highest decline due to semiconductor supply issues and weak rural demand.
Moreover, post festival inventory correction also pulled down wholesale dispatches across segments. Few segments reported growth on a lower base, while some markets appeared to witness a subdued performance, particularly rural market, due to slower recovery.
Overall, the retail sales volume this time is assumed to be higher due to festival season, while the inventory level of most segments declined.
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